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Approved for 2 - Apply for 3rd?

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SSPA87
Regular Contributor

Approved for 2 - Apply for 3rd?

Over the weekend I applied & was approved for Amex BCE & Chase Freedom Unlimited with $2k CL each. I got an offer for Discover It today with 5% cash back categories + 1% back all other purchases. They are also matching all cash back for first year. So if I earn $100 cash back the first 12 months, they will give me another $100. 

 

Do I try to get it as well or just wait & garden the 2 I just got? 

Starting Scores: EQ (MyFico): 561 TU (MyFico): 579 - 2/15/13
Rebuilding Scores: EQ (MyFico): 597 (6/11/13) TU (MyFico): 606 (6/12/13)
Current Scores: EQ : 665 TU : 649 EX : 704

Cards: SDFCU $250 | Cap1 Secured $750 | Victorias Secret $500 | Amex BCE $4k | Chase FU $2k | Cap1 QS $1k | PenFed Promise $3.5k | Wayfair $1k | Care Credit $1k
Message 1 of 4
3 REPLIES 3
Anonymous
Not applicable

Re: Approved for 2 - Apply for 3rd?

I don't think anyone can make that call for you, but with your scores, I would suggest just gardening the two you have for a while.  Wait for your scores to go up, then apply for the Discover.  You'll get a higher starting limit later and will be able to better take advantage of that first year of double rewards.

Message 2 of 4
SSPA87
Regular Contributor

Re: Approved for 2 - Apply for 3rd?

That sig is from a long time ago, my scores are around 660 now :-)

Starting Scores: EQ (MyFico): 561 TU (MyFico): 579 - 2/15/13
Rebuilding Scores: EQ (MyFico): 597 (6/11/13) TU (MyFico): 606 (6/12/13)
Current Scores: EQ : 665 TU : 649 EX : 704

Cards: SDFCU $250 | Cap1 Secured $750 | Victorias Secret $500 | Amex BCE $4k | Chase FU $2k | Cap1 QS $1k | PenFed Promise $3.5k | Wayfair $1k | Care Credit $1k
Message 3 of 4
Anonymous
Not applicable

Re: Approved for 2 - Apply for 3rd?

It depends - is this a card that would be beneficial for you?  I would recommend only applying for it if you think it you can reap the most from it.  If your scores are 660+ - you def have great chance of being approved.  I was approved in Feb 2016 and my score was only a 628 at the time. I did not qualify for the 0% interest for 12 months... which is fine since I PIF each month. I wish I waited to apply though since my score is now a 730... but you live an learn. 

 

You do have the option to see if you are pre-qualified for any offers on their website. Good luck!! Let us know what you decide. 

Message 4 of 4
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